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News releases Royal Londons Tim Harris join ABI Board Chair Prudential Financial Taxation Committee

Tim Harris, Group Finance Director of Royal London, has been appointed to the Association of British Insurers’ Board and as the new Chair of the ABI’s Prudential, Financial and Taxation Committee (PFTC).

He will replace Andy Parsons of Lloyds Banking Group who previously chaired the PFTC. Phil Loney, Royal London Group CEO, will remain on the ABI Board.

ABI Chairman Andy Briggs said:

"I’m delighted that Tim Harris will be joining the Board of the ABI and taking up the Chair of the Prudential, Financial and Taxation Committee. This is a crucial time for the industry with changes afoot at home and abroad and Tim’s wealth of experience means he is well placed to lead the ABI’s work in this area. I would like to thank departing Chair, Andy Parsons, for his excellent work which I’m confident Tim will continue."

Tim Harris said:

"The insurance industry in the UK faces some very significant challenges in maintaining its competitive position and operating within a developing regulatory, financial reporting and tax environment. I look forward to working with colleagues on the Prudential, Finance and Tax Committee and as part of the ABI Board, influencing Government and regulators and helping the insurance industry rise to these challenges and benefit from the undoubted opportunities we currently face."

Tim Harris’ biography

Tim is the Group Finance Director of Royal London, the UK’s largest Life Insurance and Pensions Mutual. Prior to joining Royal London, Tim’s previous roles included Group Chief Financial Officer at Torus Insurance, Deputy CFO and Chief Capital Officer at Aviva, Chief Financial Officer at Aviva Europe, and Partner at PricewaterhouseCoopers. Tim is a graduate of Durham University and Warwick Business School, a Fellow of the Institute of Chartered Accountants, where he serves on the Insurance Committee, and a Chartered Insurance Practitioner.

Last updated 18/11/2016